| EQS-News: Edison Investment Research Limited / Key word(s): Capital Increase/Investment Edison Investment Research Limited: Edison review on Templeton Emerging Markets Inv. Trust (TEM) 03-Apr-2017 / 12:32 GMT/BST London, UK, 3 April 2017 Edison review on Templeton Emerging Markets Inv. Trust (TEM) Templeton Emerging Markets Inv. Trust (TEMIT) aims to generate long-term capital growth from a diversified portfolio of emerging market equities. Since the change in manager in October 2015, there has been a notable improvement in TEMIT's relative performance - over the last 12 months, its NAV total return has outperformed its MSCI Emerging Markets index benchmark by 10.2%. TEMIT has historically run a small cash balance, but in January 2017 announced it had entered into a new £150m credit facility; if fully drawn down, it would take gross gearing to c 7.0% of net assets. TEMIT's current 14.2% share price discount to cum-income NAV compares to the averages of the last one, three, five and 10 years (range of 9.2% to 13.3%). There is scope for the discount to narrow if TEMIT's recent outperformance continues or investor appetite for emerging market equities increases, supported by the ongoing share repurchase programme. While managed for capital appreciation, TEMIT regularly pays an annual dividend; its current yield is 1.2%. Click here to view the full report. All reports published by Edison are available to download free of charge from its website www.edisoninvestmentresearch.com About Edison: Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world-renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisers and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting. Edison is authorised and regulated by the Financial Conduct Authority. Edison is not an adviser or broker-dealer and does not provide investment advice. Edison's reports are not solicitations to buy or sell any securities. Contact details: Learn more at www.edisongroup.com and connect with Edison on:
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